Friday, June 17, 2022
Entravision Communications (EVC)
Quarterly Preview: Raising Estimates
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. The Company also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Patrick McCann, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Q2 expected to exceed consensus. We believe that revenue trends in the company’s digital and TV businesses are pacing slightly better than our original estimates. As such, we are raising our total company revenue estimate from $219.1 million to $222.7 million. And, we are raising our Q2 adj. EBITDA estimate from $19.7 million to $21.9 million. We believe that the results will exceed consensus and current analysts estimates.
Digital on fire. We believe that the company is expanding its international markets, developing deep relationships with social media companies, and seeing strong growth for its programmatic business Smadex. Digital revenue growth is expected to be roughly 35% in Q2 and a strong 32% for the full year 2022. …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
